MANDATORY CONVERTIBLE
A hybrid bond that should be converted into the underlying common stock, on or before the actual conversion or redemption date. One advantage of this security is it gives investors higher yields to recompense holders for the mandatory conversion structure. A publicly-traded company releases mandatory convertibles in order to raise the capital provided by issuing stock but would put a strain in the price of the existing shares.
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Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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Students, soon after your graduation, you need to enter the repayment phase. In other words, you have to start paying off your student loans. This ...
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You write an offer and the seller accepts it. Deal closed. It is about time to go through the escrow process. Why does a buyer need to undergo this ...
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Renovate or Move?
You have a well-furnished home with a garden full of flowers and plants. Imagine sharing your beautiful abode, which has four bedrooms, a kitchen, ...
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| 04:00 | Expected Annual Inflation 2y from now | 4 quarter | |
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| 01:30 | Westpac Consumer Sentiment | Nov | |
| 01:50 | M2 Money Supply + CD | Oct | |
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| 08:00 | Prelim Machine Tool Orders | Oct | |
| 09:00 | CPI | Oct | |
| 09:00 | Harmonized CPI | Oct |
